Things they don’t teach you about in Stanford

Caracas Chronicles

The guy over your shoulder - that's your problem right there, Eulogio The guy over your shoulder – that’s your problem right there, Eulogio

There is an interesting piece in the Business Section of the [increasingly indispensable] Wall Street Journal focused on PDVSA President Eulogio del Pino.

I wouldn’t call it a profile per se – Del Pino did not make himself available to friend-of-the-blog Kejal Vyas, so he hovers over the story like a ghost. But the story claims del Pino is trying to veer the company into doing what it is supposed to be doing – producing oil, producing more of it, and doing so efficiently.

The sirloin:

[del Pino’s] top task is to seek the $247 billion in investment that PDVSA says it needs between 2016 and 2019, a difficult proposition as the highest borrowing costs in the developing world all but close off access to debt markets.

Under Mr. del Pino, PDVSA is trying to woo investors by offering…

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